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Root, Inc. ROOT Technology and development

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Other financials

Income statement

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Revenue$393.5M+12.6%
Operating income$40.9M+72.6%
Net income$35.9M+95.1%
EPS (diluted)$2.09+95.3%

Balance sheet

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Cash & equivalents$608.9M-0.3%
Total debt$200.3M+0.2%
Total equity$325.9M+42.5%
Total assets$1.7B+6.3%

Cash flow

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Operating cash flow$9.3M-65.3%
CapEx-—
Free cash flow$70.1M+1.3%

Valuation

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Market cap$840.38M-60.5%
Enterprise value$431.78M-74.9%
P/E14.5×-23.8×
P/S0.5×-1.1×

Profitability

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Operating margin5.1%-2.6pp
Net margin3.7%-0.7pp
FCF margin13.6%-3.0pp

Returns & leverage

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Return on equity20.8%-7.3pp
Debt / equity0.6×-0.3×

Where this comes from

Reported directly by Root, Inc. in its filing.

Tagged under the XBRL concept root:TechnologyAndDevelopmentExpense.

The official record: Root, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Root, Inc.'s technology and development?
Root, Inc. (ROOT) reported technology and development of $15.2M in Q1 2026.
How has Root, Inc.'s technology and development changed year-over-year?
Root, Inc.'s technology and development increased by 33.3% year-over-year, from $11.4M to $15.2M.
What is the long-term trend for Root, Inc.'s technology and development?
Over 4 years (2021 to 2025), Root, Inc.'s technology and development has grown at a -5.1% compound annual growth rate (CAGR), from $65.5M to $53.1M.
What does technology and development mean?
This represents expenditures related to software engineering, platform development, and digital infrastructure maintenance. For a technology-driven insurer, this is a key investment metric reflecting the company's commitment to innovation and competitive differentiation. High spending here is often necessary to sustain long-term operational efficiency and customer experience improvements.